BNP Paribas Asset Management has launched a €750m European low-carbon infrastructure equity strategy, backed by a €400m anchor investment from its parent BNP Paribas Group.
BNP Paribas Low Carbon Transition Infrastructure Equity Fund I is aimed at institutional investors, including insurers, pension funds and corporates, and will aim to build a diversified portfolio of eight to 12 equity investments in core-plus and value-add mid-market infrastructure projects.
The fund has already made two investments in 2024: in July, it fund took a minority stake in Italian solar, wind and storage projects developer Absolute Energy, and in November it teamed up with Mirova to acquire a controlling stake in French rooftop solar developer and independent power producer Arkolia.
Rodolphe Brumm, head of infrastructure private equity at BNP Paribas Asset Management, said: “We are thrilled to launch our first infrastructure private equity fund, a testament to the growing client demand for this asset class and the pressing need for low carbon investments.
“Backed by €400m anchor commitments illustrating the strong support of the BNP Paribas Group, this initiative underscores our central role in financing the energy transition. With two deals already completed – solar PV projects in Europe – we are proud to create value for our investors while contributing to building a more sustainable future.”
Karen Azoulay, head of real assets at BNP Paribas Asset Management, said: “We are delighted to expand our established infrastructure franchise with the launch of BNP Paribas Low Carbon Transition Infra Equity Fund I. Since 2018, we have successfully invested in more than 80 infrastructure transactions, demonstrating the strength of our approach and the expertise of our seasoned investment team.
“With a proven track record in low carbon solutions, the support of the BNP Paribas Group, and the strong client interest in this space, we are confident in achieving a successful fundraising for this major milestone in our development.”
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